Stepping down after arguments over strategy, the bank prepares its search for his successor. Morning, under one hour until the start of cash equity trading. Equity markets under pressure. The futures picture shows relief. Ftse futures up 0. 4 . U. S. Futures point to the upside, up 0. 8 . Global stocks up 12 in november, the biggest monthly gain on record. Lets not forget that will me think about the losses yesterday and the rally he will maybe see today. Greens what we see now, a picture and it comes to the asian stock markets. Data from to take asia whether chinese or korean on the factory side. Be taking aems to turn for the better. In china a decade high for chinese manufacturing. Up on thed enthusiasm, and commodities in focus. Oil prices moving to the downside for a third day. No deal yet on opec and opecplus, and their plans for january. That will be a focus on thursday. Lets get a first word news of eight. Laura president elect joe biden has chosen janet yellen as his treasury
President s, you need to put a tiger in the tank. It is very clear what the uk needs. Uk Prime Minister says a brexit deal by the end of the month is possible despite key sticking points. Jeff bezos goes to washington founder and ceo is willing to testify after long resisting a longranging inquiry of antitrusting nbc confirms north korea has blown up an office hours after they threatened to take action. A warm welcome this morning. A lot to get to. Lets kick off with the energy markets. We have a fresh report out of the iea. The iea has raised the 2020 forecast by nearly 500,000 barrels a day due to demand from china and india as well as the lockdown Global Oil Supply outlook fell in may opec plus countries reduced out look by 9. 4 Million Barrels a day. Interesting to see that they do now see a stronger Oil Demand Forecast than they now had seen previously they note that oacd industry stocks rose to 3. 1 billion above fiveyear average. In terms of oil demand, that is coming from bette
Along with hemt care and energy. That was quite a turn around on the banks ahead, wall street heavy weights are taking sides on the market david miller and david tepper warning about the historic overvaluation. Bill miller announces saying they see market values here. Were going to ask billionaire mark cuban which side he is falling on right now plus, a rare interview with william demchak. Hell discuss the banks decision to sell its stake in blackrock. They own 22 and its created quite a business since they sold lets focus in its a great booking and i cant wait for the interview as weve been discussing. I love all the people you book from nap foods to nikes, but this one is creme de la creme from sarah try to get one youd be interested in. 59 minutes left of trade lets focus in on the big stories. Mike tracking todays volatile market action. Phil has an update on delta. Kate has a look at what mastercard is say iing about Consumer Spending. Mike, start us off with the Broader Market, w
The left column, a lot of those names in the green. Banking names as well. The rest of the region still seeing a lot of pressure. The split is tilted towards more downside. In terms of the sector groups as well, the similar to what we have seen. Youre getting a lot of upside in names like resources, banks, financials are seeing pressure overall. Down for a sixth straight session. 25 from the peak a couple of eci weeks ago. Yvonne back from the slopes. And back in hong kong. Steve, we have been talking about that pivot from President Trump. Painting a dire outlook on this outbreak in the u. S. Why . Wasell, i hope that he looking at the data and also seeing what other, even local news abilities are doing in the United States, cites and states aswell cities and well those in europe and they are taking this very seriously. And donald trump says it is bad. He repeated that. Its bad, its bad. He said this could last until august or even later. Hes calling it an invisible lining. Yo enemy. Y
Dollaryen is doing this, a big gain in the u. S. Dollar against brent is upyesterday, and back below 70 basis points. Yvonne lets get the first word news with Karina Mitchell in new york. Promising billions of pounds per infrastructure to end an era of austerity. Plan criticalding to Boris Johnsons political mission. Offering support amid the coronavirus fallout. Former Vice President joe biden has hit the ground running, saying hes wanted michigan, missouri, and mississippi. Consolidating his lead over Bernie Sanders. Both candidates Cancel Campaign rallies in ohio on concerns about the coronavirus. And saying the countrys relationship could be put at risk. Kelly was temporarily in solitary confinement. South koreas Unemployment Rate dropped sharply in february, even as hiring began to slow. The jobless rate fell to 3. 2 from 4 a month earlier. Signalingwth slowed, coronavirus may be impacting labor. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more th